Yet Apple has never been one to bow to public pressure, with Steve Jobs famously taking the stance that it is Apple’s role to tell consumers what they want, not the other way around.

Which is why we’re sceptical about these latest rumours. Apple has prided itself on high-end products that have a price to match, so a price war over the lower-end of the market would be out of character.

Yet who knows what goes on in Apple’s HQ? With Tim Cook now in charge, perhaps Apple is taking a different direction.

We’re not so sure.

Do you think Apple will bring out a smaller iPhone? Would you like them to?